VetProm, which was established in 1956, is a medium-sized producer of veterinary drugs and human medical products.
The company's product range features veterinary medicinal products, human medicinal products, cosmetic products, etc.
VetProm, located in the western town of Radomir, exports around 40% of its output to some ten countries in Europe, Asia, Africa and Latin America.
In December 1997, Bulgaria's privatisation agency sold a 51% stake in the firm to management-employee buyout company VetProm-96 for USD 6.15 million.
Under the deal, 16% of the price was paid in cash on the day of signing of the contract and the remaining 84% in five equal annual instalments with one-year grace period.
A further 13% were offered to the firm's employees as preferential non-voting shares.
Another 10% of the company were offered for mass sell-offs under the country's voucher privatisation programme.
Headquarters
ul. Ot.Paisiy 26
Radomir; Pernik;
Postal Code: 2400
Contact Details: Purchase the Vetprom AD report to view the information.
Website: http://www.vetprom.com
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